Entrepreneurial learning and the existence of credit markets
Entrepreneurial learning and the existence of credit markets
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创业学习和信贷市场的存在
DOI：
10.1016/j.jebo.2004.12.005
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发表时间：
2007
影响因子：
2.2
通讯作者：
S. Parker
中科院分区：
文献类型：
--
作者：
S. Parker
我探讨了借款人企业家边做边学的经济影响，他们最初对自己的天生能力知之甚少。它显示了创业学习如何恶化道德风险的不利影响，导致原本可行的信贷市场可能消失，从而减少社会福利。原因是，学习减少了对高风险未来结果的主观不确定性，从而鼓励了过度冒险行为。
I explore the economic implications of learning by doing by borrower entrepreneurs who are initially imperfectly informed about their innate abilities. It is shown how entrepreneurial learning worsens the adverse effects of moral hazard, causing the possible disappearance of otherwise viable credit markets and thereby decreasing social welfare. The reason is that learning reduces subjective uncertainty about risky future outcomes, thus encouraging excessive risk-taking behaviour.
乐观情绪可以遗传吗？
影响因子：
4.1
作者：
Schulman,P;Keith,D;Seligman,ME
通讯作者：
Seligman,ME